India’s benchmark Sensex climbed higher on Friday as the Sensex gained 0.6% in pre-market trading, a new record high.
The Sensex rose 0.8% to 21,831.75 points.
It was up 1.7% in New York.
The benchmark index has rallied almost 24% since the day the country became independent from Britain on April 2.
The stock market is a benchmark for the overall market, but is more volatile than the broader market, which is dominated by large financial institutions and financial companies.
The markets are also the focus of a major currency war between India and Pakistan.
India is seeking to increase its foreign exchange reserves to $3 trillion to help ease the country’s international debt burden and a new government has pledged to boost growth to 6% this year.